In the last 3 trading days almost 50% of the stock gains of the past year were erased.
It’s going to be REALLY interesting what happens, tomorrow.
It's pretty obvious the markets don't like the debt-ceiling result. I think Geithner indicating he's staying is another negative. Perhaps the rumor that Obama and Bernanke think they're "out of bullets" is also a bit disconcerting.
I'm not betting the farm, but I'm a buyer right now, I think the market will rise in the near term.
The private sector is very, very resilient, and though this guy has pummelled us at every turn, we've hitched up our belts and gone to work for the most part. Corporate profits are up, and some will wake up tomorrow and realize that crude just went down five percent today too.
“It’s going to be REALLY interesting what happens, tomorrow.”
The poor are going to sell off to protect what little money they have left.
The well connected are going to wait until the carnage is over and buy up everything at discounts.
The middle class will pay for it with some coaccamammie bill to protect them from predators.
I agree. Isn't there a labor report coming out tomorrow? (not that it will really matter since I personally believe those numbers are WAY too massaged.)